Health Savings Account (HSA) 101

How much can I elect under my Health Savings Account (HSA)?

Every year, the IRS will determine the maximum election amount.

For 2022, you can contribute up to $3,650 for self-only coverage and up to $7,300 for family coverage.

Keep in mind that HSA funds roll over year to year if you don't spend them. Additionally, an HSA may earn interest or other earnings, which are not taxable.

If you have any additional questions about HSA elections, please reach out to Benepass Support for any assistance.

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